Jim Cable, PhD, chairman and CEO of Peregrine Semiconductor, told Benzinga that he didn't want to comment on the "specifics of what would happen" if another buyout offer was made.

"We invented this whole idea of RF SOI 20-plus years ago," said Dr. Cable. "…And I would say not only did we pioneer it, we still have the best performing RF SOI products. We have the strongest IP position. How that translates into what happens next, I'm not going to foretell."

Gauna likes the Murata deal and is confident that it will persevere, but he's not ruling out the possibility that another company will make a play for Peregrine. Read on to see his list of potential suitors.